Bajaj Finserv Housing Loan in Indore
Looking for a Bajaj Finserv Home Loan in Indore? The commercial capital of Madhya Pradesh, Indore, is Central India’s largest metropolitan city. This city is a commercial centre for goods and services and harbours several important industries. If you are considering a home loan in Indore, Bajaj Finance offers tailored financing solutions to help you achieve your homeownership dreams.
Features and benefits of a home loan in Indore
Apply for a Bajaj Finserv Home Loan in Indore for a competitive interest rate, sizeable loan amount, and hassle-free processing, among a range of other benefits.
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Interest rate starting 7.49%* p.a.
Ensure affordability with our competitive interest rates. At present, our offering starts with a home loan EMI of only Rs. 687/lakh*.
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Funding of up to Rs. 15 crore*
The quantum of funding required is a never a problem with us. Eligible candidates can avail of high loan amounts to fund their dream home.
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Repayment tenor of 32 years
Choose a repayment tenor as per your affordability. Use our home loan EMI calculator to know which tenor is suitable for you.
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Top-up of up to Rs. 1 crore* or higher
Avail of a sizeable top up loan when you transfer your home loan to us. What’s more, you can use the amount for any financial need of your choice.
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Disbursal in 48 Hours*
Our home loans are designed to offer the most stress-free experience. In line with this, the loan amount is credited soon after verification.
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Online account management
Use our customer portal to download SOAs, complete transaction, and much more, and enjoy a hassle-free experience throughout your tenor.
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Zero prepayment and foreclosure charges*
For individual and non-individual borrowers with floating interest rate loans and loan taken for non-business purposes, there will be no prepayment and foreclosure charges.
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Customised repayment options
Enjoy tailored repayment options to suit your needs, such as EMI holidays, on certain projects, as per eligibility.
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External benchmark linked loans
Avail of a home loan linked to external benchmarks, such as the repo rate, and make the most of market trends when the rates are on a decline.
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Hassle-free processing
We strive to offer the optimum experience through processing and beyond. Our eligibility criteria are simple and documentation requirements are minimal.
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Interest subsidy under PMAY**
Applicants eligible under the Pradhan Mantri Awas Yojana (PMAY) can avail of an interest subsidy when applying for a home loan with us.
Required documents to apply for home loan in Indore
Documentation needed for applying for a home loan from Bajaj Finance comprises:
- KYC documents (for identity and address verification)
- Proof of income (such as salary slips or P&L statement)
- Proof of business (applicable to self-employed individuals)
- Bank account statements from the preceding 6 months
Home loan eligibility criteria
Our home loan eligibility criteria are simple. Applicants can avail of a home loan in Indore from Bajaj Finserv if they meet the below conditions.
Criteria |
Description |
Nationality |
Indian (resident) |
Age*** |
23 years to 67 years (salaried) |
Work experience |
3 years (salaried) 5 years of vintage with the current enterprise (self-employed) |
Minimum monthly income |
Rs. 30,000 to Rs. 50,000, depending on the city of residence and age (salaried) Rs. 30,000 to Rs. 40,000, depending on the city of residence and age (self-employed) |
***The upper age limit is considered as age at the time of loan maturity
It’s important you assess your eligibility on the mentioned parameters for hassle-free processing. You can also use the home loan eligibility calculator, which will help you make an informed decision. Get an estimate of the loan amount you are eligible for with the online tool so you can arrange for down payment accordingly.
How to apply for home loan?
Apply for a home loan either offline or online. To apply through our website, follow the below steps.
- 1 Fill the online application form by entering your name, mobile number, and occupation details
- 2 Proceed to verify your contact number with an OTP
- 3 Once done, you will need to enter a few other details, including your income, the loan amount required, and the property, if finalized
- 4 On the next page, enter your date of birth, Pan Card, employment details, email IDs, and current obligations
Once you submit the form, our representative will give you a call in 48 hours* and walk you through the next steps. Alternatively, apply for a home loan offline by simply visiting the nearest Bajaj Finserv branch. You can also SMS ‘HLCI’ to 9773633633 to apply for the loan.
Home loan interest rates, fees, and charges
We offer housing loans in Indore at competitive home loan interest rates. Also, we do not levy any hidden charge and maintain transparency when it comes to additional charges.
List of home loan in different cities
Click on the links below to learn more about applying for a home loan tailored to your specific needs and preferences.
Bajaj Finserv app for all your financial needs and goals
Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.
You can use the Bajaj Finserv App to:
- Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
- Invest in fixed deposits and mutual funds on the app.
- Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
- Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
- Apply for Insta EMI Card and get a pre-qualified limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
- Shop from over 100+ brand partners that offer a diverse range of products and services.
- Use specialised tools like EMI calculators, SIP Calculators
- Check your credit score, download loan statements and even get quick customer support—all on the app.
Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.
Frequently asked questions
You can apply for a Home Loan in Indore offline in two simple ways. You can either apply via an SMS or by simply visiting the nearest Bajaj Finserv branch.
Home loan borrowers who opt for a housing loan balance transfer facility are eligible for a top up loan over and above their existing loan amount. You can avail it through simple documentation and at a low-interest rate.
For individual and non-individual borrowers with floating interest rate loans and loan taken for non-business purposes, there will be no prepayment and foreclosure charges.
To obtain a Bajaj Finserv Home Loan, submit the following documents:
- KYC
- Address proof
- Income proof
- Identity proof
- Form 16
- Salary slip
- Photograph
- Proof of business
- Bank account statements
- Property documents
Yes, credit score is crucial for securing a home loan in Gurgaon. Lenders assess creditworthiness based on credit scores, which reflect an individual's credit history. A higher score increases chances of loan approval and favourable terms.
The time frame for home loan approval varies depending on factors like documentation, verification, and lender processes. Typically, it takes anywhere from a few days to a few weeks to complete the approval process. With Bajaj Finance, your home loan application can receive approval within 48 Hours* of submission, and in certain instances, even sooner.
With Bajaj Finance, enjoy the flexibility of repaying your home loan comfortably, as we offer an extended repayment tenure of up to 32 years.
